Special Judge Arvind Kumar, who sent Saxena to jail till February 18, ordered the AIIMS director to file a report regarding the medical condition of the accused by 2 pm on Wednesday.
Saxena sought bail on medical grounds and told the court that he was suffering from a "heart disease" and "advanced-stage leukaemia".
The Enforcement Directorate (ED) did not oppose Saxena's bail plea provided he did not leave Delhi.
Saxena, a director of two Dubai-based firms - UHY Saxena and Matrix Holdings - said in his bail application that he was an extremely sick person with advanced terminal diseases and had coronary heart disease with four stents in his heart and hypertension.
"The present application is being filed in grave urgency, keeping in mind the medical condition of the applicant (Saxena), as any further custody will have grave and irreparable damage on his medical condition, which is fragile, and there is likelihood of contracting other diseases because of his low immunity level," the plea said.
Also Read | Govt to expedite campaign to rid country of the corrupt: PM Modi
The court had, while sending Saxena to judicial custody for two days, directed the Tihar jail authorities to take him to the All India Institute of Medical Sciences (AIIMS) for a medical check-up.
The plea said Saxena had advanced-stage leukaemia (blood cancer) and was terminally ill.
"He is suffering from a radiating back pain, numbness and heaviness in legs, neck pain and muscle spasms. He suffers from severe lumbar osteo discogenic spinal canal stenosis, disc bulge and nerve root irritation, bilateral facet joint osteoarthritis, multi-level disc protrusion and osteoarthritis of cervical facet joints with secondary cervical spinal canal stenosis with suspicion of radiculopathy in his left hand," the bail application said.
It further said the medicines for leukaemia were administered on a daily basis and were available only by special order at the American Hospital in Dubai, UAE and the tests were administered weekly at the said hospital.
"Saxena's back condition, which is precarious, has worsened," the plea said.
Saxena, who is in custody since January 31, also said when all the other accused in the case, including Gautam Khaitan, Ritu Khaitan, S P Tyagi, and others were out on bail, there could be "no justification" to deny his plea.
He said in his plea that since his passport is with the ED, there was no likelihood of him absconding.
Saxena, a Dubai-based businessman, was deported from Dubai on January 31 and sent to a four-day custody of the ED the same day.
He is one of the accused named in the chargesheet filed by ED in the case.
Also Read | Delhi court extends Deepak Talwar's remand in money laundering case
Christian Michel, former AgustaWestland and Finmeccanica directors Giuseppe Orsi and Bruno Spagnolini, former Air Force chief SP Tyagi and Saxena's wife Shivani have also been named by the agency in the chargesheet.
The ED had earlier sought extension of Saxena's custody on the ground that he was required for confronting with Gautam Khaitan, a Delhi-based lawyer and a co-accused, who was earlier arrested in the case and was in the agency's custody in another case.
The central agency had alleged that in connivance with Khaitan, Saxena had provided a global corporate structure for laundering the illegal proceeds of the crime for payment to various political persons, bureaucrats and Air Force officials to influence the contract to supply 12 VVIP helicopters in favour of AgustaWestland.
Saxena was residing in Palm Jumeriah, Dubai and was living in the UAE for the last 26 years.
Maintaining that AgustaWestland had paid 58 million euros as kickbacks through two Tunisia-based firms, the ED has alleged that "these companies further siphoned off the said money in the name of consultancy contracts to M/s Interstellar Technologies Limited, Mauritius and others, which were further transferred to M/s UHY Saxena and M/s Matrix Holdings Ltd, Dubai and others".
It was alleged by the probe agency that the two Dubai-based firms were the entities "through which the proceeds of crime have been routed and further layered and integrated in buying the immovable properties/shares, among others".
On January 1, 2014, India had scrapped the contract with Finmeccanica's British subsidiary AgustaWestland for supplying 12 AW-101 VVIP choppers to the Indian Air force (IAF) over alleged breach of contractual obligations and charges of kickbacks of Rs 423 crore paid by it to secure the deal.
